SmartFinancial's Total Assets for the quarter that ended in Dec. 2024 was $5,275.9 Mil.
Warning Sign:
If a company builds assets at 16.7% a year, faster than its revenue growth rate of 8.5% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, SmartFinancial's average Total Assets Growth Rate was 11.30% per year.
During the past 3 years, the average Total Assets Growth Rate was 13.70% per year.
During the past 5 years, the average Total Assets Growth Rate was 16.70% per year.
During the past 10 years, the average Total Assets Growth Rate was 25.80% per year.
During the past 13 years, SmartFinancial's highest 3-Year average Total Assets Growth Rate was 54.60%. The lowest was -14.60%. And the median was 18.95%.
The historical data trend for SmartFinancial's Total Assets can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.
SmartFinancial's Total Assets for the fiscal year that ended in Dec. 2024 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
SmartFinancial (NYSE:SMBK) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (Dec. 2024) data.
In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.
Total Assets is linked to total revenue through Asset Turnover.
SmartFinancial's Asset Turnover for the quarter that ended in Dec. 2024 is
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.
SmartFinancial Total Assets Related Terms
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SmartFinancial Inc operates as a bank holding company for SmartBank. It offers various banking and financial services to individuals and corporate customers. The principal business of the Bank consists of attracting deposits from the general public and investing those funds, together with funds generated from operations and from principal and interest payments on loans, mainly in commercial loans, commercial and residential real estate loans, consumer loans, and residential and commercial construction loans. The primary source of revenue is interest income from earning assets, namely loans and securities.
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